The State of the Economy / 2Q 1997

Abstract: A 5 page paper examining the state of the US economy just before the beginning the government's 1998 fiscal year. For seven years, the economy had been in a growth phase but also with the lowest rate of unemployment since 1973 and an inflation rate of only 2.2%. Things had been so good for so long that some mainstream economists claimed the standard model of the business cycle was obsolete, a statement made by an MIT economist in 1969 just before the advent of the worldwide recession of the early 1970s. Bibliography lists 9 sources.

Filename: Econ97.wps

Pages: 5

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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